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Bundled Motor Insurance Policy for Two-Wheeler
Bundled insurance in two-wheeler insurance means a policy that covers for own damage for one year and also covers a third party for say a period of 3 to 5 years. It is stressful for bike owners to renew their policy and also for getting more coverage in case of an accident, bundled two-wheeler insurance is offered by insurance companies.
The bundled two-wheeler insurance offers mandatory third-party insurance for a longer duration and optional own-insurance coverage for one year. So, you can pay a premium for one year and renew annually for your own damage while for third-party you get cover for 3-5 years. Bundled insurance policy in a two-wheeler provides the advantage of not only broader coverage but also relieves you from remembering the renewal dates along with providing more comprehensive coverage through Add-ons.
Bundled insurance for two-wheelers are one among many insurance plans to ease out buying insurance for the vehicle. The Premium for bundled two-wheeler insurance depends upon the age of vehicle and its cubic capacity.The Policy can be cancelled by either the insurer or the insured in case of double insurance policies, in case vehicle is not in use because of Total Loss or Constructive Total Loss and in case the vehicle is sold or transferred to another. So, depending upon your requirement, choose bundled two-wheeler insurance wisely and read all terms carefully before making any insurance purchase.
Let's take a look at some frequent queries on Bundled Insurance Policy in Two-Wheeler Insurance;
Whether your Bundled insurance for two-wheelers covers natural calamities or not mainly depends upon your insurance provider and the terms of your insurance plan. Make sure to read the conditions carefully before making any purchase.
No, bundled insurance for two-wheelers can only be bought for vehicles that have completed 5 years. After 5 years, the Insured Declared Value (IDV) of the vehicle shall be determined as per the understanding of the insurer and the insured.
Yes, in case of disabled vehicle, the insurance company shall provide cover for protecting and removing the damaged vehicle to the nearest garage or even re-delivering it to the insured.
Bundled insurance for two-wheelers can be purchased online at the insurance company's website or offline at their office. Make sure to always compare insurance plans before making your decision and choose wisely.